Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) Declares Monthly Dividend of $0.09

Saba Capital Income & Opportunities Fund (NYSEARCA:BRW) announced a monthly dividend on Friday, May 29th. Stockholders of record on Tuesday, June 9th will be paid a dividend of 0.085 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 15.2%. The ex-dividend date of this dividend is Tuesday, June 9th.

Saba Capital Income & Opportunities Fund Stock Down 1.0%

Shares of NYSEARCA:BRW opened at $6.70 on Friday. The stock’s 50-day moving average is $6.78 and its 200-day moving average is $6.81. Saba Capital Income & Opportunities Fund has a 52-week low of $6.38 and a 52-week high of $8.49.

Institutional Investors Weigh In On Saba Capital Income & Opportunities Fund

Several hedge funds have recently made changes to their positions in BRW. Parallel Advisors LLC lifted its stake in shares of Saba Capital Income & Opportunities Fund by 25.2% in the first quarter. Parallel Advisors LLC now owns 8,556 shares of the company’s stock valued at $58,000 after buying an additional 1,722 shares during the period. PFG Investments LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund in the first quarter valued at about $70,000. Lido Advisors LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund in the first quarter valued at about $78,000. Manchester Financial Inc. bought a new stake in shares of Saba Capital Income & Opportunities Fund in the fourth quarter valued at about $84,000. Finally, Maridea Wealth Management LLC bought a new stake in shares of Saba Capital Income & Opportunities Fund in the third quarter valued at about $86,000.

About Saba Capital Income & Opportunities Fund

Saba Capital Income & Opportunities Fund is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is managed by Saba Capital Management, L.P. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in floating rate secured senior loans, with an emphasis on top-tier, non-investment grade senior loans. The fund seeks to invest in loans with maturities of one to ten years.